Table 9.1 Financial Soundness Indicators of Deposit Takers, 2019 - 2025 1/ Table 9.1 Financial Soundness Indicators of Deposit Takers, 2019 - 2025 (contd.)
(In percent) (In percent)
Period Capital adequacy 2/ Asset quality 2/ Earnings and profitability 2/ Period Liquidity 2/ Sensitivity to market risk 2/ Additional Indicators
Regulatory capital to risk-weighted assets Tier 1 capital to risk-weighted assets Non-performing loans net of provisions to capital Tier 1 capital to assets Non-performing loans to total gross loans Loan concentration by economic sectors 3/ Provisions to nonperforming loans Return on assets
(ROA)
 Return on equity (ROE) Interest margin to gross income Non-interest expenses to gross income Liquid assets to total assets (Liquid asset ratio) Liquid assets to short-term liabilities Net open position in foreign exchange to capital Large exposures to capital Trading income to total income Personnel expenses to noninterest expenses Spread between reference lending and deposit rates (base points) 4/ Customer deposits to total (noninterbank) loans Foreign-currency-denominated liabilities to total loans Foreign-currency-denominated liabilities to total liabilities Credit growth to private sector
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22)
2019
46.4
39.0
9.3
20.9
11.6
86.8
65.1
4.6
13.3
65.0
31.8
 2019
25.4
40.5
6.4
60.7
4.1
34.9
855.5
123.7
54.0
56.4
7.5
2020
46.3
41.0
21.0
19.3
18.8
87.0
51.7
2.5
7.5
71.6
31.8
 2020
32.3
52.2
-9.2
70.2
3.6
37.2
840.2
128.5
51.5
55.2
9.6
2021
46.9
36.4
14.2
15.9
12.6
88.1
54.8
5.8
19.8
58.1
28.8
 2021
35.8
55.0
6.1
68.2
3.1
34.5
817.7
155.7
58.5
54.5
3.6
2022
50.7
41.2
8.1
17.9
9.4
86.1
60.6
4.7
15.9
63.1
32.6
 2022
32.2
51.1
-7.0
49.4
3.8
31.2
864.5
155.3
55.1
55.6
4.4
2023
50.6
41.5
7.1
19.1
8.3
84.2
58.5
5.1
15.4
64.6
32.1
 2023
30.5
49.4
-10.2
56.7
3.3
29.4
856.2
145.3
51.8
53.2
9.2
2024
54.0
44.6
4.7
20.1
5.9
79.2
60.2
5.0
14.7
65.6
35.0
 2024
27.5
47.5
-7.8
27.2
2.8
27.8
820.7
135.9
49.2
51.3
6.6
2023 Feb-23
50.1
47.2
9.0
20.5
9.1
87.0
55.8
5.0
16.2
61.1
30.6
 2023 Feb-23
31.3
49.2
-6.7
40.8
3.6
26.6
866.7
160.7
55.8
56.4
4.4
Mar-23
49.8
46.2
8.8
20.1
9.0
87.0
56.2
5.1
16.6
61.7
32.4
 Mar-23
31.1
48.8
-7.3
44.5
3.4
27.4
876.2
163.9
55.6
56.7
6.1
Apr-23
50.0
45.9
8.5
19.7
8.9
85.8
57.2
4.9
15.6
62.4
32.2
 Apr-23
33.6
52.1
-8.1
39.7
3.2
27.4
881.4
164.6
55.7
56.1
5.9
May-23
50.3
45.5
8.5
19.9
9.2
87.4
56.9
5.0
15.9
63.4
32.0
 May-23
31.5
49.2
-8.4
40.4
3.5
27.5
886.3
159.4
53.6
54.7
7.0
Jun-23
50.2
44.5
5.4
19.9
7.5
87.1
65.6
5.0
15.8
64.1
31.2
 Jun-23
30.3
48.2
-8.7
45.0
3.4
28.1
859.1
153.7
51.7
53.5
6.6
Jul-23
50.7
44.1
5.2
20.0
7.4
86.7
66.3
5.3
16.8
64.3
31.1
 Jul-23
28.6
46.6
-8.1
43.6
3.3
28.1
853.4
147.9
51.7
53.1
7.1
Aug-23
51.3
44.2
5.3
19.9
7.5
85.2
65.5
5.2
16.4
64.5
31.3
 Aug-23
29.9
49.0
-7.8
44.6
3.4
28.0
859.5
146.8
50.3
52.6
8.9
Sep-23
51.1
43.5
5.2
20.0
7.5
84.2
65.9
5.2
16.0
65.0
31.1
 Sep-23
28.7
47.0
-8.5
52.0
3.4
28.2
861.6
141.6
49.5
52.0
9.5
Oct-23
50.3
42.1
5.2
19.6
7.3
84.3
65.2
5.2
16.4
65.0
31.2
 Oct-23
30.5
49.9
-8.9
57.5
3.4
28.0
856.7
143.0
51.0
52.5
8.7
Nov-23
50.4
41.4
5.3
19.3
7.1
83.9
63.7
5.3
16.5
64.2
31.3
 Nov-23
30.9
50.4
-9.1
53.4
3.3
27.6
860.2
146.0
51.6
52.7
10.4
Dec-23
50.6
41.5
7.1
19.1
8.3
84.2
58.5
5.1
15.4
64.6
32.1
 Dec-23
30.5
49.4
-10.2
56.7
3.3
29.4
856.2
145.3
51.8
53.2
9.2
2024 Jan-24
48.9
46.8
7.7
21.7
8.0
84.1
56.8
5.9
17.8
63.6
31.3
 2024 Jan-24
29.0
46.8
-10.1
49.2
3.4
26.9
861.0
149.0
53.1
54.4
10.0
Feb-24
49.1
46.4
6.9
21.6
7.7
84.1
59.0
5.4
16.3
62.5
33.0
 Feb-24
31.3
50.6
-8.8
38.9
3.4
30.8
863.1
149.8
54.1
55.0
9.4
Mar-24
49.0
45.7
7.3
21.3
7.1
84.5
52.4
4.8
14.7
65.5
35.8
 Mar-24
27.3
44.3
-10.4
40.5
-0.1
28.4
866.1
148.6
53.0
54.9
8.4
Apr-24
49.6
45.6
6.6
21.1
6.8
84.6
54.2
4.9
14.9
65.3
35.4
 Apr-24
30.0
48.0
-9.4
39.2
1.0
28.5
866.4
147.9
52.2
54.3
9.8
May-24
49.5
44.8
6.9
21.4
7.2
80.0
52.9
5.0
15.3
66.2
35.6
 May-24
25.2
40.7
-10.7
38.3
1.4
27.7
826.6
140.6
50.0
52.5
10.4
Jun-24
50.4
45.0
7.3
21.4
7.5
79.9
51.8
4.9
15.3
66.3
33.6
 Jun-24
24.4
40.2
-11.8
33.4
1.7
29.0
826.4
136.7
48.8
51.4
11.3
Jul-24
50.3
44.4
6.7
21.6
7.2
80.1
53.6
4.9
15.1
66.4
34.0
 Jul-24
21.7
36.4
-11.9
32.9
2.0
28.5
829.3
131.5
48.3
51.2
11.9
Aug-24
51.3
44.7
6.6
21.5
7.3
80.0
54.1
4.9
15.0
66.4
33.7
 Aug-24
21.4
35.9
-11.6
32.9
2.3
28.7
829.2
131.5
46.9
50.1
11.5
Sep-24
52.0
44.8
7.0
21.6
7.6
79.6
52.5
4.8
14.6
66.5
35.0
 Sep-24
21.5
35.9
-11.9
32.0
2.5
27.6
853.0
128.5
46.6
49.1
10.6
Oct-24
52.5
44.7
7.4
21.2
7.5
79.7
50.9
4.9
14.6
66.2
34.8
 Oct-24
24.7
42.9
-12.3
27.2
2.7
27.9
831.2
127.3
48.0
50.0
9.8
Nov-24
52.0
43.5
6.0
20.0
6.6
79.7
55.5
4.9
14.6
66.0
34.9
 Nov-24
27.9
47.9
-11.0
29.8
2.8
28.0
829.4
133.4
48.5
50.4
8.6
Dec-24
54.0
44.6
4.7
20.1
5.9
79.2
60.2
5.0
14.7
65.6
35.0
 Dec-24
27.5
47.5
-7.8
27.2
2.8
27.8
820.7
135.9
49.2
51.3
6.6
2025 Jan-25
53.1
51.0
4.8
22.6
5.8
79.1
60.6
4.5
13.2
60.6
37.2
 2025 Jan-25
26.4
43.1
-8.4
24.2
3.5
27.9
821.2
142.1
50.3
52.2
6.7
Source: Maldives Monetary Authority
1/This table has been compiled in line with the IMF 2019 Financial Soundness Indicators Compilation Guide.
2/These indicators are the core Financial Soundness Indicators of deposit takers.
3/Refers to lending to the three largest economic sectors as a proportion total gross loans to nonfinancial corporations.
4/This indicator is presented in basis points, where each basis point represents one-hundredth of a percentage point.
Note: Figures from October 2024 to December 2024 have been revised.